ALE Property Group (ASX:LEP) LT-Debt-to-Total-Asset : 0.40 (As of Jun. 2021)

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What is ALE Property Group LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. ALE Property Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2021 was 0.40.

ALE Property Group's long-term debt to total assets ratio declined from Jun. 2020 (0.45) to Jun. 2021 (0.40). It may suggest that ALE Property Group is progressively becoming less dependent on debt to grow their business.

ALE Property Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for ALE Property Group's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ALE Property Group LT-Debt-to-Total-Asset Chart

ALE Property Group Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

LT-Debt-to-Total-Asset

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0.46

0.44

0.45

0.40

ALE Property Group Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.44	0.25	0.45	0.44	0.40

ALE Property Group LT-Debt-to-Total-Asset Calculation

ALE Property Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2021 is calculated as

LT Debt to Total Assets (A: Jun. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2021 )	/	Total Assets (A: Jun. 2021 )
	=	540.894	/	1339.975
	=	0.40

ALE Property Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2021 is calculated as

LT Debt to Total Assets (Q: Jun. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2021 )	/	Total Assets (Q: Jun. 2021 )
	=	540.894	/	1339.975
	=	0.40

ALE Property Group (ASX:LEP) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

ALE Property Group LT-Debt-to-Total-Asset Related Terms

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ALE Property Group (ASX:LEP) Business Description

Industry

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Address

264 George Street, Level 28:02 Australia Square Tower, Sydney, NSW, AUS, 2000

Website

http://www.alegroup.com.au

ALE Property Group is an internally managed Australian real estate investment trust with a portfolio of 86 freehold pubs across Australia. It is a stapled entity comprising one trust and a company that acts as responsible entity. The portfolio is valued at more than AUD 1 billion: 48% in Victoria, 31% in Queensland, 14% in New South Wales, and small exposures to South Australia and Western Australia. All properties are leased to Australia's largest pub operator, Endeavour Group.

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